DerosneC
Short

BTCUSD H&S Pattern

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Possible H&S Pattern, watch for breakout of the 50% fib.
Comment: Heavy overhead resistance at the 50% fib and 200ma, the 20ma crossed under the 100, signaling bears.

However keep in mind that this could also be seen as a double bottom, which would be bullish, so watch for a breakout above the 200ma. Personally I see it establishing support around the trend line following the breakdown from the h&s
Comment: meant to say the 50 ma (yellow) crossed under the 100 (green)
Trade active: It has now consolidated and is breaking down as predicted,place close attention as we approach the right shoulder
Comment: Crucial moment here, watchout below!
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